Five Seniors Receive CFA Exam Scholarships

Five seniors, Andrew Head, Payson Miller, Jerry Qiu, Michael Stovall and Xiaoxiang Yang, have received scholarships to study for level one of the exam to become a chartered financial analyst (CFA).

As a university recognized by the CFA Institute, Washington and Lee can offer up to five scholarships a year to reduce the exam price for students from $1,400 to $350. Additionally, the CFA Institute will send scholarship recipients books on six topics, including finance, accounting and ethics.

A highly sought after designation, a CFA charter gives students a distinct advantage on the job market. Annually, 150,000 people worldwide sit for the CFA exams, which comprise three levels. Students may retake a failed exam, but must pass all three levels to become a CFA. Approximately one in eight people who start the program will become a chartered financial analyst.